Home Production Meets Time to Build

S-Tier
Journal: Journal of Political Economy
Year: 2001
Volume: 109
Issue: 5
Pages: 1115-1131

Score contribution per author:

2.681 = (α=2.01 / 3 authors) × 4.0x S-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

An innovation in this paper is to introduce a time-to-build technology for the production of market capital into a model with home production. Our main finding is that the two anomalies that have plagued all household production modelsthe positive correlation between business and household investment, and household investment's leading business investment over the business cycleare resolved when time to build is added.

Technical Details

RePEc Handle
repec:ucp:jpolec:v:109:y:2001:i:5:p:1115-1131
Journal Field
General
Author Count
3
Added to Database
2026-01-25